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Philippines: Higher ATM fees loom

MANILA, Philippines — Philippine banks are set to implement the acquirer-based fees for ATM transactions starting April, resulting in higher charges for cardholders who transact in the network of other banks. The local banking industry is set to implement the acquirer-based ATM fee charging (ABFC) method starting April 7, wherein the fees charged to a […]

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Thailand: Industrial estates set to expand

Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects. Phattarachai Taweewong, director of research and communications at Colliers […]

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Kasikornbank to open first branch in Vietnam

Kasikornbank, the second-largest lender by assets, said on Monday it plans to open a branch in Vietnam’s commercial hub of Ho Chi Minh City in the third quarter of this year to tap into the country’s growth. “Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies […]

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